Business customers powered by Atlantic City Electric share many goals: they want to be able to hire the workers they need, grow their business, reduce costs, do right by their communities, and get a leg up on the competition. And for enterprises considering expanding or moving to southern New Jersey, we have a new way to help.
It’s the Energy Discounts for Growing Enterprises (EDGE) Program, and it’s designed to retain, attract, and grow local businesses. The ultimate goal? Boost the economy and create jobs.
The EDGE Program offers businesses of any size a 20-percent discount on the electric distribution portion of their rate, based on certain requirements including business expansion and increased employment. The discount is effective for five years, as long as the business continues meeting eligibility requirements. A business must also be located in one of the eight counties Atlantic City Electric serves.
Here are some of the highlights for a business to be eligible:
- For both small or large commercial business programs, an applicant must construct a new building, purchase or lease an existing, vacant building, or expand an existing space.
- For a small business, the new space should be at least 2,500 square feet and the company must hire at least one additional full-time employee.
- For a large business, the new space should be at least 8,000 square feet and the company must hire at least two additional full time employees. (Other qualifications apply.)
“We want to do our part to encourage economic development, create job opportunities for local residents, and support business growth for our customers and neighbors,” said Vince Maione, Atlantic City Electric region president. “The EDGE Program helps us deliver on our promise to energize our communities and local businesses.”
Find your EDGE, reduce your costs and grow to succeed. For more information or to apply, visit atlanticcityelectric.com/edge.